Under the perpetual inventory system an inventory variance can be calculated as the difference between:...

80.2K

Verified Solution

Question

Finance

Under the perpetual inventory system an inventory variance can be calculated as the difference between:

a.the period's purchases and the ending inventory balance

b.the ledger balance of the inventory account and the total of the physical stock take

c. inventory at start less inventory at end

d. an inventory loss cannot be calculated using the perpetual inventory system

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students